9A. How much income did Lazy Sofa Furniture generate during 2021?

Required informotion [The following informathon apples to the questions displaytd beiow] Alison and Chuck Renny began operations of their furniture repair shop (tary Sofa Furniture, Incorporated) on January 1. 2020. The annual reporting period ends. December 31. The trial balance on January 1, 2021, follows \{amounts are rounded to thousands of dollars 10 simplify). Transactions during 2021 (summarized in thousands of dollars) follow 3. Borrowed $25 cash on July 1,2021, signing a six-month note payable b. Purchased equipment for $22 cash on duly 2 c. Issued additional shares of common stock on July 3 for 54 . d Purchased additional equipment on August 4, 54 cash. e. Purchased, on account, supplies on September 5 for future use, 59 f On December 6 , recorded revenues in the amount of $68, including $8 on credit and $60 received in cash. 9. Paid salaries and wages expenses on December 7, 539 h. Collected accounts receivable on December 8,57 1. Paid accounts payable on December 9,$10. f Received a $4 deposit on December 10 for work 10 start January 15,2022 Data for adjusting journal entries on Decembet 31 : k. Amortization for 2021, 54 i. Supples of 55 were counted on December 31, 2021 m Depreciation for 2021, \$1. a fccrued interest on notes payable of 51 . o. Salaries and woges earned but not yet paid, 52 p Income tax for 2021 was 53 and will be paid in 2022 Recuired: 9-e. How much net income did Lary Sota Furniture, incorporated, genetate during 2021? 9-b. Is the company financed primarly by liablities or stockholders' equity? Required: 9-0. How much net income did Lazy Sofa Furniture, Incorporated, generate during 2021? 9-b. Is the company financed primarily by liabilities or stockholders' equity? Is the company financed primarily by liabilities on stockholders' equity